Just in time for Christmas, Mr. Goldman Sachs Bailout King suggests ways to avoid the Fiscal Cliff. Oh yeah, off the backs of the middle-class and the poor. Ebenezer Scrooge is Mahatma Gandhi compared to Lloyd Blankfein! thinkingblue
Blankfein, AKA Scrooge, AKA Grinch
Goldman Sachs CEO Lloyd Blankfein Wants Seniors
to Get Less
The hypocrisy of Lloyd Blankfein, a Wall Street banker, and other
corporate leaders who have inserted themselves into the debate
over major tax and spending decisions under consideration in
Congress is nothing short of repugnant. Blankfein's Goldman Sachs
got billions from the federal government during the Wall Street
bailouts, enabling him to hold a job that paid him $16.1 million
in 2011, and now he wants the rest of us to take a pay cut -- now
and in the future. Referring to Social Security, he told CBS,
"You're going to have to do something, undoubtedly, to lower
people's expectations of what they're going to get." That's
a second-rate vision for a first world country, and we just voted
for a lot better than that.
Blankfein is one of many Fortune 500 CEOs who joined together
under the name "Fix the Debt," a campaign to cut Social
Security, Medicare and Medicaid to address the federal deficit
during the fiscal showdown. This group of more than 90 CEOs is
pushing cuts to middle-class programs while shielding
millionaires, billionaires and big corporations from tax
increases.
Each of these executives has amassed retirement assets averaging
more than $9.1 million, according to a report released today by
the Institute of Policy Studies (IPS). Of the more than 90 CEOs
involved in Fix the Debt, 41 run companies with pension programs,
but only two of those plans are fully funded, IPS said. It's the
second impressive IPS report in the last week, and it lays bare
the flagrant hypocrisy of these captains of finance and industry.
MORE HERE: http://www.huffingtonpost.com/ethan-rome/goldman-sachs-ceo-lloyd-b_b_2199815.html